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Buffett's Nevada Utility Proposes Grandfathering Solar Rules

  • Move comes after Nevada regulators agree to rehear issue
  • SolarCity, Sunrun stopping business in state after new policy

Warren Buffett’s Nevada utility proposed a grandfather clause that will exempt existing customers with rooftop solar panels from rising fees that are already driving installers out of the state.

Berkshire Hathaway Inc.’s NV Energy said it will ask regulators to exclude homeowners who bought or leased rooftop solar systems before the rules were imposed Jan. 1, the Las Vegas-based utility said Monday in a statement. The announcement comes hours after the Public Utilities Commission of Nevada approved a request by the state’s consumer protection bureau to reconsider the issue.